Crypto markets are stabilised at around USD 220bn of capitalisation. This is what is called a “lateral movement”. Most technical analysts are challenged in this kind of situation. If they are wise (and most of them are!), they set up orders linked to Tether (USDT) or other similar crypto assets, so that they can keep their money pegged to fiat if the lateral trend moves in an unplanned direction. This is why, the people behind Tether (and exchanges where it is listed) are having a good time, since lateral movements mean more transactions in Tether. As you can see on CoinMarketRank.io, Tether is almost at par with Bitcoin in trading volumes.

Since the bear market started in January (when total capitalisation peaked at 850bn USD, compared to the 260bn of today!), most coins have followed the overall market mood. Some have, however held up pretty well (take Tether and those linked to non crypto assets), and a few have even outperformed the market!

Binance Coin (BNB) is one of them. In February it began a rally that has not yet seen any significant correction. The lack of capitalisation volume in the market has not been a show stopper for exchange-backed tokens: The frantic execution of transactions by a growing pool of professional traders and the surge of transactional bots just keeps driving their demand up. Similar coins such as Huobi Token (HT) or NuShares (NSR), while they have outperformed the market, they have suffered corrections that, for now have not affected Binance Coin, as seen on CoinMarketRank.io